Saving Mercy Corporation

Analysis

Saving Mercy Corporation is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Saving Mercy Corporation reported income of $768k and spending of $666k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $782k to $768k (-1.8%), an average of -0.6% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saving Mercy Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Luther Towers of Dover Inc ($767k), Eastern Shore of Virginia Housing Alliance ($768k) and Holston Homes for Elderly ($767k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $46k (6.9% of expenses). Other salaries and wages came to $74k. At year end it held assets of $3.0m against liabilities of $843k, net assets of $2.2m. It reported 11 employees.